Global E-Online | GLBE | Long at $34.55Global-e Online NASDAQ:GLBE provides a direct-to-consumer, cross-border e-commerce platform. It enables merchants to sell internationally and shoppers to buy globally, handling localization, payments, shipping, and logistics for worldwide transactions. Some companies NASDAQ:GLBE handles transactions for include Bath & Body Works, Victoria's Secret, SKIMS, Forever 21, and many more.
Technical Analysis
NASDAQ:GLBE is currently in a consolidation / "share accumulation" phase (i.e. trading sideways, overall), and the price is riding within my selected historical simple moving average. Often, the price will bounce along this area until momentum picks up and then it's off to the races to fill all the open price gaps above on the daily chart. The only concern I have is there is an open price gap on the daily chart near $21 that will likely get filled at some point. However, the earnings and revenue projections, if accurate, may delay this area from being filled for some time.
Revenue and Earnings Growth into 2028
538% earnings-per-share growth expected between 2025 ($0.34) and 2028 ($2.17).
98% revenue growth projected between 2025 ($946 million) and 2028 ($1.87 billion).
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Health
Extremely healthy, financially.
Debt-to-Equity: 0x (can't beat that)
Quick Ratio / Ability to Pay Today's Bills: 2.5x (no issues)
Altman's Z-Score/Bankruptcy Risk: 11.6 (extremely low risk)
Action
The projected growth of NASDAQ:GLBE makes sense if there is continued rapid on-boarding of blue-chip clients. There is always the chance other companies, like Shopify, will partner, too. The company is also extremely financially healthy. It should be able to weather the storm in the near-term if there is a financial downturn. That is the only major risk I see here. If the economy flips globally, such companies, regardless of their performance, will get hit hard. However, if the growth is accurate, this is a no-brainer value/growth play. Time will tell.... thus, at $34.55, NASDAQ:GLBE is in a personal buy zone with near-term risks of a drop to $21 or below if the world economy flips.
Targets into 2028
$50.00 (+44.7%)
$60.00 (+73.7%)
